NewLead +43%, then halted, as court rules in favor of Ironridge

|About: NewLead Holdings Ltd. (NEWL)|By:, SA News Editor

NewLead Holdings (NEWL +43.6%) is halted after institutional investor Ironridge Global IV says a U.S. District Court has ruled in its favor and rejected NEWL's claims on all issues, finding that Ironridge may appropriately instruct the transfer agent to deliver shares.

The judge also found that Ironridge has never engaged in short selling or manipulated NEWL's stock, and that Ironridge has no undisclosed brokerage relationships.